2 ms·
Even in that case, it may make sense to diversify. The market can remain irrational longer than you can remain solvent.
by kcanini 7y ago
Even in that case, it may make sense to diversify. The market can remain irrational longer than you can remain solvent.
- nostrademons 7y agoThat saying's usually not true when you're dealing with employee stock compensation, where you own the shares outright and make enough in cash salary to live on. Ownership is forever (modulo a revolution or other forcible overthrow of the rule of law, in which case you have bigger problems). In the absence of leverage, you can afford to be perfectly rational and have an infinite time horizon.